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Nov 18, 2012
11/12
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CNNW
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fa famed investor and famed supporter to raise taxes, warren buffett. only made one political donation this season and it was to you. >> even though he had signed that grover norquist taxes, he decided it was more important to pledge the constitution than the norquist. >> and you admired him. >> i did admire him and i sent him a check. >> did your decision to violate the pledge damage your support for fundraising and support from big money donors? >> it did not. i go where the numbers lead me, and a careful analysis of our budget and trying to reconcile that with the americans for tax reform pledge led me to the clear decision that the pledge itself is an impediment to meaningful tax reform and also our tax code now presently yields just under 17%, and we haven't run our country on that yield since 1959, and that's a long time ago before medicare and medicaid were even on the table. so revenues have to come up, expenses have to come down, and i'm asking our friends on the other side of the aisle to help us on the expense side. >> uh-huh. congressman nor
fa famed investor and famed supporter to raise taxes, warren buffett. only made one political donation this season and it was to you. >> even though he had signed that grover norquist taxes, he decided it was more important to pledge the constitution than the norquist. >> and you admired him. >> i did admire him and i sent him a check. >> did your decision to violate the pledge damage your support for fundraising and support from big money donors? >> it did not. i...
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Nov 17, 2012
11/12
by
CNN
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we'll hear more from warren buffett later in the show. congressman, did your decision to break from the pachl pair protection pledge damage your campaign for re-election in terms of fund-raising and support from big money doaners? >> no, it did not. the second district sent a businessman to washington. i go where the numbers lead me. and a careful analysis of our budget and trying to reconcile that with the americans for tax reform pledge led me to the clear decision that the pledge itself is an impetment to meaningful tax reform and also our tax code now presently yields just under 17%. we haven't run our country on that yield since 1959. and that's a long time ago before medicare and medicaid were even on the table. so revenues have to come up. expenses have to come down. and i'm asking our friends on the other side of the aisle to help us on the expense side. >> congressman, you decided not to seek another term in the house specifically because of that polarizing climate around the fiscal crisis. i want to read our viewers what you wro
we'll hear more from warren buffett later in the show. congressman, did your decision to break from the pachl pair protection pledge damage your campaign for re-election in terms of fund-raising and support from big money doaners? >> no, it did not. the second district sent a businessman to washington. i go where the numbers lead me. and a careful analysis of our budget and trying to reconcile that with the americans for tax reform pledge led me to the clear decision that the pledge...
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Nov 8, 2012
11/12
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WETA
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with both of them back, with clearly with warren there especially if they get os on the senate banking panel this will many much heavier regulation and she will be there to protect new consumer bureau that the banks have attacked so much. >> tom: from a consumer standpoint, though, because we have seen banks try to raise some consumer fee, trying to raise banking fees as they try to make up for the lost profit that they are see on the regulatory side. will it mean a safer banking industry? >> absolutely. safer, more responsive, and protection this is what it is about. protecting the consumer. we've already seen their actions. the banks are very concerned about it they have done everything to weaken it. but she will be there to make sure it stays there and she will have it back. >> what types of banks particularly do you see being able to operate in this environment? >> really large banks. because with all the costs of kline's, you have to get to a certain economy of scale. we have 7,000 banks, many of these banks would not be around in two or three years. >> tom: because of failure or
with both of them back, with clearly with warren there especially if they get os on the senate banking panel this will many much heavier regulation and she will be there to protect new consumer bureau that the banks have attacked so much. >> tom: from a consumer standpoint, though, because we have seen banks try to raise some consumer fee, trying to raise banking fees as they try to make up for the lost profit that they are see on the regulatory side. will it mean a safer banking...
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Nov 27, 2012
11/12
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FOXNEWSW
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warren buffett when it comes to investing. but, but you got to know your strength and you got to know your weaknesses. that said, i wouldn't take ping-pong lessons from mr. buffett. take a look here. here is another thing i wouldn't do. i wouldn't listen to the oracle of omaha on this. >> ♪ i've been working on the railroad all the live long day ♪ ♪ i've been working on the railroad just to pass the time away ♪ ♪ dinah won't you blow ♪ dinah won't you blow your horn ♪ [ laughter ] >> eric: so now warren buffett wants to weigh in on taxes. politics and americans need to hand over more of our dough. mr. buffett, oh, sage one. put down the ping-pong paddle and the ukulele and the tax plan. the gift is with profit margins, ebidah. the man, fantastic investor, but he is suggesting a minimum tax, to raise etch's wealth. wealthy people's taxes to trickle down to everywhere else. i can't imagine the economy can handle that. >> dana: i have very little patience for the extremely rich who want to make it harder for other p
warren buffett when it comes to investing. but, but you got to know your strength and you got to know your weaknesses. that said, i wouldn't take ping-pong lessons from mr. buffett. take a look here. here is another thing i wouldn't do. i wouldn't listen to the oracle of omaha on this. >> ♪ i've been working on the railroad all the live long day ♪ ♪ i've been working on the railroad just to pass the time away ♪ ♪ dinah won't you blow ♪ dinah won't you blow your horn ♪ [...
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Nov 26, 2012
11/12
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CNBC
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warren buffett renewing his call for a millionaire's tax. our next guest says you can raise taxes all day and not make a dent in the debt without doing one more thing. >>> later, the battle inside the democratic caucus. how ways and means senator levin explaining why democrats willing to jump off the cliff are making a huge mistake. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trad
warren buffett renewing his call for a millionaire's tax. our next guest says you can raise taxes all day and not make a dent in the debt without doing one more thing. >>> later, the battle inside the democratic caucus. how ways and means senator levin explaining why democrats willing to jump off the cliff are making a huge mistake. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from...
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Nov 14, 2012
11/12
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FBC
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. >>> next on money, elizabeth warren hasn't even been sworn into the u.s. senate but she already hasthe entire banking industry shaking in its boots. one of her biggest supporters couldn't be haier. i codn't disagree more. he is here to debate it out with me. >>> plus, iran fles its military muscle as sanctions tighten their grip around the regime. e the massive war games a signal it may be ready to lash out? more "money" coming up. ♪ ♪ . melissa: so newly-elected senator and former head of the consumer financial protection bureau, she was running fothat, not sure she was head of that,ut public enemy number one on wall street. according to rumors she could end up with a pretty posh assignment on the senate banking committee. do we really want someone so outspoken against the banking industry making rules for them? depend iyou want a mortgage. i think it is a horrible plan. here to disagree with me, christian dorsey, head of the economic policy institute. christian, i will let you have first shot at this one because i have strong feelings about having he
. >>> next on money, elizabeth warren hasn't even been sworn into the u.s. senate but she already hasthe entire banking industry shaking in its boots. one of her biggest supporters couldn't be haier. i codn't disagree more. he is here to debate it out with me. >>> plus, iran fles its military muscle as sanctions tighten their grip around the regime. e the massive war games a signal it may be ready to lash out? more "money" coming up. ♪ ♪ . melissa: so...
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Nov 13, 2012
11/12
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FBC
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. >>> next on money, elizabeth warren hasn't even been sworn into the u.s. senate but she already has the entire banking industry shaking in its boots. one of her biggest supporters couldn't be happier. i couldn't disagree more. he is here to debate it out with me. >>> plus, iran flexes its military muscle as sanctions tighten their grip around the regime. are the massive war games a signal it may be ready to lash out? more "money" coming up. ♪ ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at th special time of year, they shine even brighter. come to the winter event and get the merdes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. ♪ . melissa: so newly-elected senator and former head of the
. >>> next on money, elizabeth warren hasn't even been sworn into the u.s. senate but she already has the entire banking industry shaking in its boots. one of her biggest supporters couldn't be happier. i couldn't disagree more. he is here to debate it out with me. >>> plus, iran flexes its military muscle as sanctions tighten their grip around the regime. are the massive war games a signal it may be ready to lash out? more "money" coming up. ♪ ♪ ♪ [ male...
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Nov 26, 2012
11/12
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FBC
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dagen: we will stay on the topic of warren buffett and taxes. should the cut off the $500,000 not $250,000 as the president wants. would that ease some of the burden and pain of higher taxes? >> on one level it would, of course. raising that threshold from $250,000 to $500,000. the buffet idea maybe release a little bit of pain, but does nothing to address the extortions that he is talking about. huge distortions. 160,000 pages of distortions in the tax code. you were talking about a tiny, tiny improvement. i will take it, sure. we are getting distracted on this one. dagen: connell was talking about a minimum tax on the wealthy. he starts out $1 billion a year. 30%. a good idea in the abstract? then he starts talking about his brother in. those are multi billionaires, dude. >> i mean, i think these are all legitimate questions. we have this great opportunity to do tax reform. to clean up the tax code. get rid of some of the provisions. should we give tax rates for second homes, for vacation homes? probably not. the reality is a lot of things lik
dagen: we will stay on the topic of warren buffett and taxes. should the cut off the $500,000 not $250,000 as the president wants. would that ease some of the burden and pain of higher taxes? >> on one level it would, of course. raising that threshold from $250,000 to $500,000. the buffet idea maybe release a little bit of pain, but does nothing to address the extortions that he is talking about. huge distortions. 160,000 pages of distortions in the tax code. you were talking about a...
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Nov 28, 2012
11/12
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KTVU
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jamie dimon is getting public praise from billionaire warren buffett. this week on charlie rose, mr. buffett said he thinks mr. dimon could be the "best person for the job" after treasury secretary timothy geithner steps down. mr. buffett notes that dimon could deftly handle another financial crisis, even though jp morgan was forced to take a government bailout during the financial crisis and dimon came under question earlier this year, when the bank lost 6 billion dollars in a trading blunder. cyber monday could almost be re- named "mobile monday." a growing number of consumers used their smartphones and tablets to shop on cyber monday this year. it contributed to an overall bump in sales of 30% from last year. comscore is estimating that sales will reach a whopping 1.5 billion dollars. amazon's kindle fire was the day's most searched-for gift on the web. others that were high in demand were uggs, ipads, the ipod touch, legos, and the wii. some consumers did not get what they bargained for this cyber monday. 132 websites in the u.s. and europe were shu
jamie dimon is getting public praise from billionaire warren buffett. this week on charlie rose, mr. buffett said he thinks mr. dimon could be the "best person for the job" after treasury secretary timothy geithner steps down. mr. buffett notes that dimon could deftly handle another financial crisis, even though jp morgan was forced to take a government bailout during the financial crisis and dimon came under question earlier this year, when the bank lost 6 billion dollars in a...
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stuart: elizabeth warren beating scott brown in massachusetts. sheaths -- use the one who said this. >> nobody in this country got rich on his own. nobody. you build a factory out there -- a stuart: that wasn't her greatest hit. we are sure you remember the controversy over her native american heritage. she was elected. before you start, i am going to suggest liberalism won and is gaining ground. if you elected as the warrant to the senate, liberals are winning. >> if there's any point that marked that last night this would be one of them but remember what this does for business and banks and wall street. elizabeth warren has been a harsh critic of business in general and business does not see this as good. you wonder why the stock market is down? has been like this last night. elizabeth warren. this is serious for anyone who owns businesses out there. charles: liberalism has the wind at its back. when a liberal candidate wins in mississippi i will say it is all over. the bastille liberalism is kennedy's old seat. i claim scott brown as much as e
stuart: elizabeth warren beating scott brown in massachusetts. sheaths -- use the one who said this. >> nobody in this country got rich on his own. nobody. you build a factory out there -- a stuart: that wasn't her greatest hit. we are sure you remember the controversy over her native american heritage. she was elected. before you start, i am going to suggest liberalism won and is gaining ground. if you elected as the warrant to the senate, liberals are winning. >> if there's any...
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Nov 27, 2012
11/12
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KQED
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. >> reporter: the president's tax plans got some support from legendary investor warren buffett today. writing in the new york times, buffett says higher taxes won't lead the wealthy to go on strike and give up promising investment opportunities. darren gersh, "n.b.r.," washington. >> tom: talk of the fiscal cliff threat didn't seem to hurt cyber monday, the biggest online shopping day of the year. americans are expected to spend $1.5 billion online today according to research firm comscore. that's up 20% from last year, as retailers pull out all the stops to get shoppers to click on their websites. erika miller has more. >> reporter: many americans were hard at work today. but others were hardly working-- using high speed office computers to scour the internet for bargains. others browsed at retail stores, but used mobile phones and tablets to make their purchases online. >> but internet shopping is more than just price comparison this year. it's about going shopping with friends and family even when they're not there. >> it makes them feel better about shopping when they are accessi
. >> reporter: the president's tax plans got some support from legendary investor warren buffett today. writing in the new york times, buffett says higher taxes won't lead the wealthy to go on strike and give up promising investment opportunities. darren gersh, "n.b.r.," washington. >> tom: talk of the fiscal cliff threat didn't seem to hurt cyber monday, the biggest online shopping day of the year. americans are expected to spend $1.5 billion online today according to...
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Nov 11, 2012
11/12
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CNN
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elizabeth warren -- >> if the senate democrats -- the senate republicans had let her be nominated as the head of the consumer financial protection bureau. now they have her in the senate. don't know which one is worse for them. >> you might have been right the first time. chris dodd is the one who said that she was unconfirmable and did more damage than the republicans did. that bureau has done really good work, is protecting consumers. and having elizabeth warren in the senate now to defend that institution from attacks from congressional independents on it is funding is going to be a very important thing to watch and that's one of the really good things of dodd/frank that came out, we have an agency solely dedicated to the protection. >> thanks
elizabeth warren -- >> if the senate democrats -- the senate republicans had let her be nominated as the head of the consumer financial protection bureau. now they have her in the senate. don't know which one is worse for them. >> you might have been right the first time. chris dodd is the one who said that she was unconfirmable and did more damage than the republicans did. that bureau has done really good work, is protecting consumers. and having elizabeth warren in the senate now...
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Nov 27, 2012
11/12
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FBC
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warren buffett takes on grover norquist. who is right? former cbo director douglas cosecant joins us next. ♪ lou: well, we are going to be assessing what is happening with the fiscal cliff, negotiations, talks tomorrow waste of time between the principal so-called in washington d.c. talking with former congressional budget office director douglas hopes he can hear in moments. first the "moneyline". lori ruined the day on wall street. concerns about the deep discounts being offered by retailers on black friday. worries about the fiscal cliff, greece of combining for a market that pretty much went nowhere today. the dow jones industrials down 42. as into down treatment nasdaq rose ten. the sixth day in a row in which the nasdaq has gained. light trading on the big board. concerns about increases in taxes on dividends for the high-yield dividend stocks of late. today at&t and verizon down, both with dividend yields of just about 5%. most retailers lower on the day despite good news on the holiday shopping weekend. target and walmart among
warren buffett takes on grover norquist. who is right? former cbo director douglas cosecant joins us next. ♪ lou: well, we are going to be assessing what is happening with the fiscal cliff, negotiations, talks tomorrow waste of time between the principal so-called in washington d.c. talking with former congressional budget office director douglas hopes he can hear in moments. first the "moneyline". lori ruined the day on wall street. concerns about the deep discounts being offered...
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Nov 6, 2012
11/12
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CNBC
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my friend warren myers on the floor of the stock exchange. what do you make of this rally on election day? >> i'll tell you, it's a little confusing. definitely it's risk-on. the commoditiecommodities, ener strong. one of the confusing issues, is i look at transportations. up very strong today in an environment with oil going up. >> we always try and make something of it and draw a conclusion. are we able to today? >> when this rally first started, on the floor you heard it's a romney market. then you see commodities strong. everyone says, well, that points more to obama. i don't think you can make heads or tails of it. >> only one poll matters. >> that's exactly right. >> we'll know tonight. thanks very much, warren. see you later. we're going out just off the highs of the session. as we said, the dow was up 178 points. that is not the case right now with a gain of about 129, 130 points here as we head toward the close of trading for this election day. if you haven't gone out to vote yet, get out there now and do it. stick around for cnbc's
my friend warren myers on the floor of the stock exchange. what do you make of this rally on election day? >> i'll tell you, it's a little confusing. definitely it's risk-on. the commoditiecommodities, ener strong. one of the confusing issues, is i look at transportations. up very strong today in an environment with oil going up. >> we always try and make something of it and draw a conclusion. are we able to today? >> when this rally first started, on the floor you heard it's...
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Nov 7, 2012
11/12
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CNBC
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liz warren on a warpath and think today frank was going to be set up for more pain and a lot of people felt that a romney victory would eradicate a lot of this, liz warn and now it gets worse this is not good for banks. the banks have been stepping up to the plate and offering dividend growth and banks are worse less today. >> what do you think? >> i agree 100%. again, want stability in bank, told you 100 times were to be, comes in the form of u.s. bank corps, down 3.5% today, if you want to trade, bank of america helps on the upside, which i don't think we will be seeing a lot of in the foreseeable future. >> banks, like other sectors, live in this very bad place, they see huge gapes this year, people want to lock in the gains at 2012 tax rates and the dividend growth aspect that you mentioned, tim, essentially gone away. financials are like that pharma is like that telecom is like that. all in this category where there was dividend growth, dividend yield and big gains so far this year. >> particularly with the financeal, short xlf, shorted it a couple weeks back, such of a run-up in
liz warren on a warpath and think today frank was going to be set up for more pain and a lot of people felt that a romney victory would eradicate a lot of this, liz warn and now it gets worse this is not good for banks. the banks have been stepping up to the plate and offering dividend growth and banks are worse less today. >> what do you think? >> i agree 100%. again, want stability in bank, told you 100 times were to be, comes in the form of u.s. bank corps, down 3.5% today, if...
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Nov 7, 2012
11/12
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KPIX
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. >> reporter: in massachusetts, democrat and harvard professor elizabeth warren defeat scott brown solidifying a democratic majority for the senate. no one can dispute the gender gap. women are 17% in the house and the senate but as we learned from this election, with women's issues that number could change in future elections. live in san francisco, cate caugiran, cbs 5. >> thank you. >>> i'm kara tsuboi. the best websites coming up to find airfare deals this holiday season. >> the clouds have moved back. we are seeing some sunshine though in the valleys but temperatures much cooler today but there's rain on the way. we'll talk about it coming up. ,,,,,,,,,,,,,,,,,, east coast residents are stl in the dark after hurricane sa d of >>> it's been more than a week now and east coast residents are still in the dark after hurricane sandy. more than a million. they are in need of donations. we are proud that our parent company cbs corporation has contributed a million dollars to the american red cross. but the red cross could still use your help. so please join us tomorrow. it all starts at 6 a.m. i
. >> reporter: in massachusetts, democrat and harvard professor elizabeth warren defeat scott brown solidifying a democratic majority for the senate. no one can dispute the gender gap. women are 17% in the house and the senate but as we learned from this election, with women's issues that number could change in future elections. live in san francisco, cate caugiran, cbs 5. >> thank you. >>> i'm kara tsuboi. the best websites coming up to find airfare deals this holiday...
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promises more astonishing we've leaks revelations as he speaks exclusively to our team i think with warren embassy in london. this is r.t. coming to you live from moscow eleven am in the russian capital i'm marina joshie palestine as one long awaited recognition at the u.n. after more than two thirds of member states voted in favor of a grating it status the decision came as a blow to israel and the u.s. who harshly opposed the move calling it's counterproductive right after the historic vote my colleague sean thomas spoke to our correspondents in new york and tell of eve as well as an activist in gaza. one hundred thirty eight countries including russia voted in support of the draft resolution that now elevates palestine status to non member observer state palestine will be able to join the international criminal court this would allow palestine to press for investigations into israel's practices in the occupied territories it would also be able to join the u.n. agencies forty one countries abstained from voting on the resolution and nine countries voted no that includes the u.s. u.s. amb
promises more astonishing we've leaks revelations as he speaks exclusively to our team i think with warren embassy in london. this is r.t. coming to you live from moscow eleven am in the russian capital i'm marina joshie palestine as one long awaited recognition at the u.n. after more than two thirds of member states voted in favor of a grating it status the decision came as a blow to israel and the u.s. who harshly opposed the move calling it's counterproductive right after the historic vote...
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160
Nov 10, 2012
11/12
by
CNN
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elizabeth warren -- >> who wouldn't have been running for office if the senate republicans had let her be nominated as head of the bureau, so now they have her in the senate. >> you may have been right the first time with senate democrats because chris dodd is the one who said she was unconfirmable. but any event, that bureau is something that has done really good work, is protecting consumers and having elizabeth warren in the senate to defend that institution from attacks from concongress on its funding is going to be important to watch. that's one of the really good things of dodd-frank is we have an agency now solely dedicated to consumer protection. that's one of the good things. >> good to see you again neil. >> and thanks for joining the conversation on "your money." we're here every saturday at 1:00 eastern and on
elizabeth warren -- >> who wouldn't have been running for office if the senate republicans had let her be nominated as head of the bureau, so now they have her in the senate. >> you may have been right the first time with senate democrats because chris dodd is the one who said she was unconfirmable. but any event, that bureau is something that has done really good work, is protecting consumers and having elizabeth warren in the senate to defend that institution from attacks from...
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president obama or massachusetts -- there she is -- newly elected senator elizabeth warren. joining me is the tangent capital partners senior managing director. election day is a bad databanks. >> this delusion said romney would win and it would all be ok and we would rollback basel iii -- melissa: a lot worse, not only is president obama in office which is not great for the banks but they're looking for the legislative change but you have people like elizabeth warren gaining power so altogether racemes what is your outlook? >> elizabeth ward is only one of 100 senators. she is an angry calvinist. she is a wonderful lady. i loved her books but i don't know her prescription for regulation is what we need right now. it reminds me of when sheila bair asked me about capital. my answer is no. we are delivering our financial system. the market is disappearing, doesn't exist anymore, $20 trillion of gray market financing outside the traditional banking industry. we need to be focused on this. that is how you get jobs. melissa: what does it mean from a practical point? bank stocks i
president obama or massachusetts -- there she is -- newly elected senator elizabeth warren. joining me is the tangent capital partners senior managing director. election day is a bad databanks. >> this delusion said romney would win and it would all be ok and we would rollback basel iii -- melissa: a lot worse, not only is president obama in office which is not great for the banks but they're looking for the legislative change but you have people like elizabeth warren gaining power so...
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Nov 27, 2012
11/12
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MSNBCW
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you have warren buffett on later today. i think his op-ed in the "new york times" is one of three live options for how you get there. a flat minimum tax for rich people or some cap on deductions, which i think is going to becoming increasingly appealing to lawmakers as they try to solve this or flat out increasing the rates, which is a non-starter for a lot of republicans. i think you're going to see a slightly higher rate with some kind of cap on deductions or alternative minimum tax for rich people. >> a combination of those two. we've got a lot more to talk about with you. monday night football highlights the eagles showing they don't need michael vick to lose a football game. will coach andy reid survive another week? looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. fre
you have warren buffett on later today. i think his op-ed in the "new york times" is one of three live options for how you get there. a flat minimum tax for rich people or some cap on deductions, which i think is going to becoming increasingly appealing to lawmakers as they try to solve this or flat out increasing the rates, which is a non-starter for a lot of republicans. i think you're going to see a slightly higher rate with some kind of cap on deductions or alternative minimum tax...
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Nov 27, 2012
11/12
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KPIX
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and pastor rick warren on the tenth anniversary of his best-selling book, "the purpose driven book." take care, everybody, have a great day. ,,,, i'm frank mallicoat. and i'm michelle griego. tis 4:-- developing n >> your realtime captioner: linda marie macdonald. >>> good morning. it's tuesday, november 27. i'm frank mallicoat. >> i'm michelle griego. time now is just about 4:30. we're following some developing news this morning. an armed man keeps police in a standoff through the night and you are looking live at the scene right now off treasure island. cbs 5 reporter elissa harrington is in san francisco with more exclusive video of the standoff on treasure island. she joins us now with the very latest. good morning. >> reporter: good morning. well, this standoff started around 11:00 last night so we're going on almost 6 hours. in this video you can see police officers and the suspect holding a gun
and pastor rick warren on the tenth anniversary of his best-selling book, "the purpose driven book." take care, everybody, have a great day. ,,,, i'm frank mallicoat. and i'm michelle griego. tis 4:-- developing n >> your realtime captioner: linda marie macdonald. >>> good morning. it's tuesday, november 27. i'm frank mallicoat. >> i'm michelle griego. time now is just about 4:30. we're following some developing news this morning. an armed man keeps police in a...
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Nov 2, 2012
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. >> market reaction would normally be -- is it the flip side of warren buffett buying in on to a stock? >> you'd think, but again, it does depend on whether they think the position is vulnerable enough to go after it. but could be something to kick in volatility as disclosures become part of what we're watching. you're watching "worldwide exchange." if you're just joining us, these will your headlines. final set of numbers on the u.s. job market due out in just a few hours. >> and rising costs of sandy is one estimate puts losses from the storm up to $50 billion. >>> european stocks pretty flat. pmi ichlis were reviewed up. germany still weak. hasn't helped the euro. the dollar is up across the board. >> that's right. and u.s. futures to give and you quick sense of what's happening. just for the most part the dow jones industrial average looking to shed about 20 points. but take our attention real our attention is really on the u.s. jobs report. the final set of numbers before the election on tuesday. now there's expectations that the u.s. and unemployment report could tick up to 7.9%
. >> market reaction would normally be -- is it the flip side of warren buffett buying in on to a stock? >> you'd think, but again, it does depend on whether they think the position is vulnerable enough to go after it. but could be something to kick in volatility as disclosures become part of what we're watching. you're watching "worldwide exchange." if you're just joining us, these will your headlines. final set of numbers on the u.s. job market due out in just a few...
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senate than reclaiming ted kennedy's old seat massachusetts which now goes to progressive icon elizabeth warren. who trouts former male model republican incumbent scott brown with her victory and the departure of democrats like ben nelson and joe lieberman senate democrats moved to the left also in wisconsin democrat tammy baldwin knocked off tommy thompson in their historic senate race which marks the first time an openly gay candidate has been elected to the united states senate we saw voters in colorado and washington state approved ballot measures to legalize tax and regulate marijuana for recreational use and this is the first time since pot was criminalized about one hundred years ago that a state has completely decriminalized marijuana and on tuesday two states did massachusetts voters also voted to legalize medical marijuana marriage equality scored historic victories on tuesday night as well voters in maine maryland and washington state approved ballot measures to legalize same sex marriage marking the first time in history of marriage a quote in the history of marriage equality that e
senate than reclaiming ted kennedy's old seat massachusetts which now goes to progressive icon elizabeth warren. who trouts former male model republican incumbent scott brown with her victory and the departure of democrats like ben nelson and joe lieberman senate democrats moved to the left also in wisconsin democrat tammy baldwin knocked off tommy thompson in their historic senate race which marks the first time an openly gay candidate has been elected to the united states senate we saw voters...
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Nov 26, 2012
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. >> talk about warren buffett, always willing to stir the pot. op-ed in the "new york times" this morning, he says that the rich pay a lower tax rate on their incomes than the middle class does. it's a point he's made before. as robert frank points out, what mr. buffett does not mention is that, on average, very few americans actually pay their official tax rate. >> that's right. we're going to get into this a lot more on "street signs." people can read it on cnbc.com today. the other important point to make on this, it is just not a lot of money and it is not a lot of people. it is sort of a minor problem in the grand scheme of the economy. it is really about .1% of the taxpayers and it's maybe $5 billion to $10 billion a year. relative to a $1 trillion deficit -- not saying it's nothing, but it's just such a tiny amount -- >> people at his income level are paying that. >> i have to say, if we're going to have a big tax debate, let's have one that really matters, now about this warren buffett rule which won't raise enough revenue to make a dime'
. >> talk about warren buffett, always willing to stir the pot. op-ed in the "new york times" this morning, he says that the rich pay a lower tax rate on their incomes than the middle class does. it's a point he's made before. as robert frank points out, what mr. buffett does not mention is that, on average, very few americans actually pay their official tax rate. >> that's right. we're going to get into this a lot more on "street signs." people can read it on...
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Nov 12, 2012
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warren butch at the time. >> i start reading a couple papers and at the same time perhaps eating strawberry ice cream. >> oh, no. >> whatever it may be. cinnamon toast. whatever i feel like eating. if somebody is coming to see me, i put on a suit. if they rrparen't, khaki and a sweater. if i'm at home, i'm in a sweat suit. >> you ccan catch more by going to off the cuff.cnbc.com. >>> and coming up, china in the process of selecting its next generation of leaders, interesting piece, where did i see that? the first lady interesting photo of her. jik mcgregor knows the country very well. what the changes could mean. >>> welcome back. take a look at the u.s. equity futures. dow and s&p coming off their worst week since july 4th. you can see they are indicated higher, but maybe not the bounce you might have expected. the dow up 23. >> squawk sports new, texans beating the bears 13-6. foster finished with 102 yards rush and touchdown catch and texans intercepted cutler twice before knocking him out with a concussion. >> no comment about the jets? >> they lost. >> andrew, here's the deal. >> did y
warren butch at the time. >> i start reading a couple papers and at the same time perhaps eating strawberry ice cream. >> oh, no. >> whatever it may be. cinnamon toast. whatever i feel like eating. if somebody is coming to see me, i put on a suit. if they rrparen't, khaki and a sweater. if i'm at home, i'm in a sweat suit. >> you ccan catch more by going to off the cuff.cnbc.com. >>> and coming up, china in the process of selecting its next generation of...
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Nov 7, 2012
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elizabeth warren. selling makes sense because there was a run-up yesterday and buyers were romney buyers. >> strange move yesterday. let's not forget you mentioned election uncertainty is over and now we're back to europe to a certain extent. there were comments that seemed to have scared investors a bit. as we said so many times, some days you may see comments like this that wouldn't have an impact on our market. talking about germany and lack of economic growth in the eu not to take away from the reaction here to the election but that is part of the market today. >> that's the most important bank in the world. >> the calls for volatility today were in some degree correct. the mood that we're seeing in futures at least early indicating the move right at the open. it was predicted in part by the futures market. we expected volatility whether it be up or down. was it a surprise that on a vote for status question, we see a giveback in terms of the gains that we have seen so far this year? >> i think that
elizabeth warren. selling makes sense because there was a run-up yesterday and buyers were romney buyers. >> strange move yesterday. let's not forget you mentioned election uncertainty is over and now we're back to europe to a certain extent. there were comments that seemed to have scared investors a bit. as we said so many times, some days you may see comments like this that wouldn't have an impact on our market. talking about germany and lack of economic growth in the eu not to take...
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Nov 19, 2012
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the white house says he spoke with several more ceos this weekend including jamie dimon, warren buffett and tim cook. the president met with top u.s. lawmakers to begin wunl h. budget talk. both sides are saying they're confident they can reach a deficit cutting deal. >> every member of our caucus appreciates that this fiscal cli sis is ever closer. and that's doctor we need to negotiate through the process and make sure we come up with a real solution that will actually solve the problem. >> what i hear is a perceptible change of rhetoric and an invitation to say what we can do for this country. >> senator durbin says republicans appear more willing to try to reach a did deal this tile around compared to previous budget talks. do you think that's the case, michael? >> yes, i do. i think the republicans are caught between a rock and a hard place. the people of the united states have given obama a mandate to see through his agenda and his programs. he's got a lot of know men ten and the complains only control the house. in order to maintain control, they have to play ball with obama othe
the white house says he spoke with several more ceos this weekend including jamie dimon, warren buffett and tim cook. the president met with top u.s. lawmakers to begin wunl h. budget talk. both sides are saying they're confident they can reach a deficit cutting deal. >> every member of our caucus appreciates that this fiscal cli sis is ever closer. and that's doctor we need to negotiate through the process and make sure we come up with a real solution that will actually solve the...
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Nov 26, 2012
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warren buffett, jake tapper and tom colicchio. what's next? >> "the daily rundown." >>> president obama may be fighting some senate republicans willing to back a fiscal compromise. can speaker boehner find enough support
warren buffett, jake tapper and tom colicchio. what's next? >> "the daily rundown." >>> president obama may be fighting some senate republicans willing to back a fiscal compromise. can speaker boehner find enough support
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and not dodd-frank but elizabeth warren elected to the senate. >> she is a wild card. i was bashing her repeatedly on "mad money" and she said will you break bread with me. she's compelling and looks at you and says i don't like this but i like this. i like the way american express is handling itself. suddenly you think, maybe there's gradations. she is not nearly as unreasonable as the press indicates. she has a model she likes with the banks and a model she doesn't and those in the wrong will be in her wrong will be in the crosshairs and headlines. >> all right. fewer people sitting down with mcdonald's lately. shares down in the premarket. the giant announcing the first monthly same store sales decline on a global basis since 2003. u.s. and europe down each 2.2. asia pacific and middle africa down 2.4. the ceo says it's the challenges of the global marketplace but adds he's confident the strategies and adjustments will build momentum and profit growth. stocks getting kind of cheap here, jim. when's going on? >> i'm confused. i don't get what they're trying to do. i
and not dodd-frank but elizabeth warren elected to the senate. >> she is a wild card. i was bashing her repeatedly on "mad money" and she said will you break bread with me. she's compelling and looks at you and says i don't like this but i like this. i like the way american express is handling itself. suddenly you think, maybe there's gradations. she is not nearly as unreasonable as the press indicates. she has a model she likes with the banks and a model she doesn't and those...
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. >> reporter: it's too close to call in massachusetts where liberal favorite elizabeth warren, the former obama administration consumer advocate is trying to win back the seat republican scott brown gave up in 2004. and former governor tim kean is leading former republican senator george allen by just two points. with races all tied up in places like nevada, arizona, montana, north dakota, wisconsin and connecticut. it could be a nail biter on tuesday night. athena jones, cnn, washington. >>> and in our next hour, the race for the white house appears to be really tight. what happens if the vote is all tieded up. we'll show you what could happen if there's an electoral college tie. from 17 billion chips worldwide to a world of super-connected intelligence. the potential of freescale unlocked. nyse euronext. unlocking the world's potential. to investing with knowledge. the potential of td ameritrade unlocked. nyse euronext. unlocking the world's potential. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (to
. >> reporter: it's too close to call in massachusetts where liberal favorite elizabeth warren, the former obama administration consumer advocate is trying to win back the seat republican scott brown gave up in 2004. and former governor tim kean is leading former republican senator george allen by just two points. with races all tied up in places like nevada, arizona, montana, north dakota, wisconsin and connecticut. it could be a nail biter on tuesday night. athena jones, cnn,...
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Nov 26, 2012
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warren buffett says raise tax rates on incomes over a half million dollars, that's a shift. but the president and democrats are not moving and they still say raise tax rates on the rich. on-line shopping, a very big winner and very big for retailers. 13% better than last year overall. today, on-line sales may run close to 2 billion dollars. will it last through the holidays? we've got another north african economy in absolute chaos. egypt torn by rioting after morsi takes dictatorial powers. they really need our money now. watch out, everybody, "varney & company" is about to begin. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement peopl who are paid on sary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> as we said, call it a cave. call it a shift. call i
warren buffett says raise tax rates on incomes over a half million dollars, that's a shift. but the president and democrats are not moving and they still say raise tax rates on the rich. on-line shopping, a very big winner and very big for retailers. 13% better than last year overall. today, on-line sales may run close to 2 billion dollars. will it last through the holidays? we've got another north african economy in absolute chaos. egypt torn by rioting after morsi takes dictatorial powers....
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Nov 8, 2012
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they're cheap relative to book and i know the earnings model has changed and i'm not welcome to elizabeth warren into the fold so that's not going to be a good thing and i still think that the picture is as bad as it's going to get and the reality was pretty good that they're taking great market share from the european banks and to stephanie's point on housing, that's another way to play housing. credit quality has vastly improved and in terms of to joe's point and in terms of playing on the margin and positioning yourself for a bullish move in the market i'm not there. fourth quarter earnings are going come down even more. europe's getting worse, not better. >> josh? >> i just wanted to interject, something stephanie said made a lot of sense to me, but i think it's an early call. it's a really good idea, as she says to look at companies that actually had good earnings and haven't benefited because, quite frankly, those are the types of stocks that ultimately you'll want to be in. the problem is when volatility ticks up and you start looking at individual stories and individual companies and wha
they're cheap relative to book and i know the earnings model has changed and i'm not welcome to elizabeth warren into the fold so that's not going to be a good thing and i still think that the picture is as bad as it's going to get and the reality was pretty good that they're taking great market share from the european banks and to stephanie's point on housing, that's another way to play housing. credit quality has vastly improved and in terms of to joe's point and in terms of playing on the...
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do the markets care when you see the ceos and some of the wealthier people, including warren buffett today in the "times" saying, look, we have got to raise revenues by raising some taxes on wealthy individuals. we saw that from both buffet and radner, very prom negligent well-known financiers but ultimately endorsing what sounds like the obama position. do the markets look to those steps the way we do in politics and say this is more likely to get done or does it not work that way? >> look, the market is hanging on every single development in these negotiations. a couple of days ago leaders came out of the white house and said they had a pretty conciliatory meeting and everything seemed hunky dory at least in that one meeting and the market boomed. people are watching and waiting to see what's happened here. you've got a split on wall street. there are those folks who don't want to see tax increases no matter what under any circumstances ever. and then you have other folks like lloyd blankfein who said they don't mind tax increases on the wealthy as long as it helps us to get to a d
do the markets care when you see the ceos and some of the wealthier people, including warren buffett today in the "times" saying, look, we have got to raise revenues by raising some taxes on wealthy individuals. we saw that from both buffet and radner, very prom negligent well-known financiers but ultimately endorsing what sounds like the obama position. do the markets look to those steps the way we do in politics and say this is more likely to get done or does it not work that way?...
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Nov 28, 2012
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warren buffett talking about going over. probably going to happen in january. i feel like we're going to go over. you can meet with all of the ceos you want to. doesn't really matter. 200,000 people in a room. doesn't really matter. norquist saying don't have a deal. have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he doesn't want entitlements be part of it for next year. >> it's the 1,000-point solution. maybe that will change their mind. durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody i
warren buffett talking about going over. probably going to happen in january. i feel like we're going to go over. you can meet with all of the ceos you want to. doesn't really matter. 200,000 people in a room. doesn't really matter. norquist saying don't have a deal. have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he...
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. >> you saw warren buffett this morning. >> some interesting points. he had an alternative minimum tax he had been talking about for the really wealthy. >> 30% or something. >> anybody from 1 to $10 million. also talked a little bit about raising the -- >> same thing he's been saying all along. >> he added that when it comes to who should be paying the higher taxes, he wants the threshold to be $500,000. >> and you see steven rattner on on talking about capital gains, deductions and things you've talked about a lot. >> time for the global markets report. ross westgate totally still confuse aed about thanksgiving and pilgrims. what was all the hoopla about? you celebrate boxing or something, don't you? like we lost a great boxer. is that what you celebrate? what is boxing day? >> boxing day, the day of a christmas. >> you wrap all your presents in boxes? >> i think it's something to do with all the presents. i'm not quite sure. >> yeah, put them in boxes. >> maybe. >> so you ignored our thanksgiving. but feeling okay again? >> yeah. you know, it's okay.
. >> you saw warren buffett this morning. >> some interesting points. he had an alternative minimum tax he had been talking about for the really wealthy. >> 30% or something. >> anybody from 1 to $10 million. also talked a little bit about raising the -- >> same thing he's been saying all along. >> he added that when it comes to who should be paying the higher taxes, he wants the threshold to be $500,000. >> and you see steven rattner on on talking...
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warren, thanks for joining us. if we look at the shares of miners, re's continue toe up more than 4% in the market. how much further might it run? >> i think it's probably going to be pretty limited, kelly. that's a nice knee jerk reaction. the fact of the matter is that these are costs that should come out of the business as a natural management tool that should be and ongoing program. it shouldn't be announced with great fanfare as a great chief the. these costs should come out as a regular operating control mechanism. so i think ultimately we'll have a little bit of a comeback here in the price. >> warren, this is dee in singapore. you're sitting in hong kong, so let me ask you about the china side of things. you're quite optimistic about china's growth saying in 2013 it will be minimum 7.5%. but this new leadership is coming in, they'll take the reins in march and the government has long been trying to ship the source from growth from investment and the massive spending plans on infrastructure to domestic deman
warren, thanks for joining us. if we look at the shares of miners, re's continue toe up more than 4% in the market. how much further might it run? >> i think it's probably going to be pretty limited, kelly. that's a nice knee jerk reaction. the fact of the matter is that these are costs that should come out of the business as a natural management tool that should be and ongoing program. it shouldn't be announced with great fanfare as a great chief the. these costs should come out as a...
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Nov 27, 2012
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coming up next, more with legendary investor warren buffett. can you learn how to make money just like he does? and later going down. what might be the funniest and meanest elevator prank ever, but first these messages. job. tell me we'll always be together. ♪ tell me i've still got it. that our traditions matter. tell me you love me for who i am. that you can't wait to be home. tell me you're glad i've joined your family. even if i can't be there this year. just tell me. [ female announcer ] for everything they need to hear, there's a hallmark card. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ [ man ] and what did you think? i loved it. why? 'cause it's a toyota, of course! i want a car that's gonna last me for a little while. ♪ i like the bells and whistles. that's my favorite part about the car. i like the navigation. i like the entune. and it's fast. [ male an
coming up next, more with legendary investor warren buffett. can you learn how to make money just like he does? and later going down. what might be the funniest and meanest elevator prank ever, but first these messages. job. tell me we'll always be together. ♪ tell me i've still got it. that our traditions matter. tell me you love me for who i am. that you can't wait to be home. tell me you're glad i've joined your family. even if i can't be there this year. just tell me. [ female announcer ]...